Sunday, August 7, 2011

Federal Government Borrows $239 Billion On Tuesday, U.S. Debt Has Largest One-Day Bump In History…


Another Obama Record Breaking First: (The Washington Times) — U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history —the debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest Treasury Department figures, which are released on the next business day.

President Obama... "it is no surprise to the American people that your failed economic policies –- from TARP to your health care bill–- have resulted in disaster for our economy. Since taking office, unemployment has remained at or near 9 percent for 28 months, America has added $3.4 trillion in debt in 29 months -- the equivalent of about $4 billion per day -- we have an anemic housing market with record foreclosures, and an average price of nearly $4 for a gallon of gas. Even your budget did not receive one single vote in the United States Senate -- and the icing on the cake –- a stock market slide of nearly 800 points in the last 5 days."
- - Congressman Allen West (Fl-22)

"In a time of deceit, telling the truth is a revolutionary act." - - George Orwell
End the fraud in Washington, D.C. - www.ronpaul2012.com